Satang vs Bitfinex: Fees, Coins, Safety Comparison
| Feature | Satang | Bitfinex |
|---|---|---|
Overall |
2.3 |
4.0 |
1.8 |
2.7 |
|
2.6 |
4.5 |
|
2.2 |
4.0 |
|
Investment Instruments |
1 |
4.6 |
Platforms and Charting Tools |
2.3 |
5.0 |
Deposit and Withdrawal |
2.5 |
3.9 |
Research |
2.7 |
4.3 |
Education |
2.9 |
5.0 |
Support |
2.8 |
4.8 |
Bonuses |
2.1 |
4.0 |
|
Your capital is at risk.
|
Satang vs Bitfinex: Pros and Cons
The Satang Pro exchange offers trading with popular cryptocurrencies and coins. Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), Cardano, and other assets are traded on this platform. Clients of the exchange are provided with a free multicurrency wallet for settlements; they can deposit funds in fiat, including the US dollar, pound sterling, euro, Russian ruble, and Chinese yuan. The exchange is Thai but operates all over the world, and it has no regional restrictions. There is no minimum deposit either, and the trading terminal is the standard in-browser TradingView version. The exchange has low commission fees of 0.25% for the taker and maker at the first trading level. With an increase in trading volume, commissions decrease. There is a typical referral program with payments of 30% of the referrals’ trading commissions. Satang Pro does not have investment programs.
Bitfinex was founded in 2012 and is one of the oldest cryptocurrency exchanges in the world. The cryptocurrency platform is registered in the British Virgin Islands. More than 170 cryptocurrencies are available on the exchange, as well as cryptocurrency futures and NFT. The disadvantages of the exchange include numerous proceedings with U.S. regulators, as well as several major successful hacks.
| Satang | Bitfinex | |
|---|---|---|
| Overall Pros | many cryptocurrencies and coins for trading; | Trading with leverage up to 1:100 |
| large trading volumes; | Derivatives are available | |
| easy to learn and functional trading terminal inside the browser; | Negative fees for large derivative traders | |
| low trading commissions even at the first trading level; | Very essential discounts for LEO holders | |
| no deposit fees and free multicurrency wallet; | ||
| the wallet can be funded with fiat currencies (there are twelve in total); | Strong research | |
| low entry threshold, easy verification, no minimum deposit; | Advanced trading platform | |
| referral program with payments of 30% of partner commissions; | Advanced API for trading bots | |
| quick communication with technical support (including a call center); | ||
| Overall Cons | no investment offers; | Several successful hacks |
| there are no specialized solutions for beginners. | Multiple regulatory fines in the US | |
| $10,000 minimum deposit in fiat currencies |
Satang vs Bitfinex: Safety and Regulation
| Regulated By: | Satang | Bitfinex |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
SEC Thailand |
No |
Satang vs Bitfinex: Trading Conditions
| Trading Conditions | Satang | Bitfinex |
|---|---|---|
Minimum Deposit |
$1 |
10,000 USD/EUR/GBP, 1,000,000 JPY, and 75,000 CNH |
Trading Platforms |
TradingView |
Bitfinex |
Max Leverage (Futures) |
44562 |
1-100 |
Number of Markets |
34+ |
397 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies, fiats |
USD, EUR, GBP, CNH, JPY + cryptocurrencies |
Satang vs Bitfinex: Fees
Trading Fees
| Fee | Satang | Bitfinex |
|---|---|---|
Max Maker |
0.20% |
0.1% |
Max Taker |
0.20% |
0.2% |
Min Maker |
0.12% |
0.0% |
Min Taker |
0.12% |
0.055% |
Debit/Credit Card Purchase Fee |
Not supported |
Not supported |
Futures Trading fees
| Fee | Satang | Bitfinex |
|---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.065% |
Min Maker |
Not supported |
-0.0100% |
Min Taker |
Not supported |
0.0350% |
Non-Trading Fees
| Fee | Satang | Bitfinex |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
Crypto - free, Bank transfer 0.1% (minimum 60 USD/EUR) |
Bank Transfer Withdrawal Fee |
Not supported |
1% (minimum 60 USD/EUR) |
Debit/Credit Card Withdrawal Fee |
Not supported |
not allowed |
BTC Withdrawal Fee |
0.0005 BTC |
0.0004 |
Inactivity Fee |
No |
No |
Satang vs Bitfinex: Trading Assets
| Asset Name | Satang | Bitfinex |
|---|---|---|
Overall |
34+ |
170+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
Satang or Bitfinex: Investment Programs
| Asset Name | Satang | Bitfinex |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
Crypto lending platform |
Trading Platforms: Bitfinex or Satang
| Satang | Bitfinex | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Bitfinex or Satang
| Satang | Bitfinex | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Bitfinex or Satang
| Satang | Bitfinex | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Bitfinex or Satang
| Satang | Bitfinex | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Bitfinex or Satang
| Satang | Bitfinex | |
|---|---|---|
Market |
No |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
Yes |
Satang vs Bitfinex: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Satang | Bitfinex |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
No |
No |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
Satang vs Bitfinex: Research
| Research Type | Satang | Bitfinex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
Satang vs Bitfinex: Education
| Education Type | Satang | Bitfinex |
|---|---|---|
Demo-account/Paper Trading |
No |
Yes |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Bitfinex vs Satang: Support
| Support Features | Satang | Bitfinex |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
Yes |
No |
Online chat |
Yes |
Yes |
Other |
Ticket |
No |
Satang vs Bitfinex: Crypto Bonuses and Promo
| Promo | Satang | Bitfinex |
|---|---|---|
Crypto Bonus |
No |
No |
Affiliate Program |
Each refferal will bring him permanent income in the amount of 30% of the amount of the commission for each of his trading operations. |
Up to 38% |
|
Your capital is at risk.
|
Top 5 Reviews on Bitfinex
-
Comment
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them WhatApp +1 (423) 248 - 2140
-
Comment
The customer support provided by Bitfinex is often slow and unresponsive, leaving users feeling frustrated and unsupported. I cannot recommend Bitfinex as a reliable or trustworthy crypto exchange option.
-
Comment
It’s great working here! Such professionals make trading calm and comfortable. Bitfinex has a good reputation.
-
Comment
I trust bitfinex, otherwise I wouldn’t work with it. Anyone can have complaints, like the users who wrote comments below. Tell the broker about them so that it can take action and, if possible, resolve the issue! If there were any problems at all, since I didn’t have any problems when trading here.
-
Comment
Trading on Bitfinex is not going well. And all the 6 months that I have been trading there, there have been constant delays in withdrawing funds. I had to wait 3 weeks, and 4. Then I met a friend who used to trade with them. And he said that he had the same situation. Nothing changed...
Top 5 Reviews on Satang
-
Comment
Satang Pro are scammers! They do not withdraw money to customers! I have an application for withdrawal issued in the fall, nothing, deaf! Numerous requests are not answered or they say that they do not have access to the account.
-
Comment
It is enough to read Satang Pro's working conditions and everything will become clear. Such smart people! lure those who are not in the subject with sweet conditions. In fact, when you come to them to actually trade, you get completely different conditions.
-
Comment
I don’t understand why this cryptocurrency exchange decided to abandon investment decisions. Even staking is absent, not to mention welcome bonuses, bonus deposit programs, or insured transactions. As for active trading, I can’t complain. The site boasts of adequate commissions, access to trading in a large number of cryptocurrencies, and convenient ways to deposit and withdraw funds. Since December 2021, I have already earned almost $4,000 with this company, and the withdrawal of profits was flawless and without delay.
-
Comment
I am satisfied with the cooperation with this cryptocurrency exchange. I registered here almost immediately after its launch. The company is licensed and operates completely within all legal requirements. It is secure and reliable. During the work, it has never been hacked. The developers have committed to providing traders with comfortable and stable trading. I didn’t notice any design flaws, but some people complain that they won’t be able to earn passively on this platform. That’s true. For extra income, only an affiliate program is provided.
-
Comment
I am ready to recommend this cryptocurrency exchange even to beginners. I have only recently started working here, but I already have an opinion. Unlike many other exchanges, Satang Pro does not raise the entry threshold and does not set exorbitant commissions that can only be reduced by increasing the trading volume. The company practices a client-oriented policy and tries to offer crypto traders the best conditions. I think it has great potential. I recommend this trading platform, as I have already tested its reliability and honesty.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.